age of majority - The age at which an individual is considered legally capable of conducting himself or herself responsibly and is entitled to vote. In contract law, the age at which one is no longer an infant and can no longer disaffirm a contract., contractual capacity - The legal ability to enter into contracts; the threshold mental capacity required by law for a party who enters into a contract to be bound by that contract., disaffirmance - The legal avoidance, or setting aside, of a contractual obligation., emancipation - In regard to minors, the act of being freed from parental control; occurs when a child’s parent or legal guardian relinquishes the legal right to exercise control over the child. Normally, a minor who leaves home to support him- self or herself is considered emancipated., necessaries - Necessities required for life, such as food, shelter, clothing, and medical attention; may include whatever is believed to be necessary to maintain a person’s standard of living or financial and social status., ratification - The act of accepting and giving legal force to an obligation that previously was not enforceable., reformation - A court-ordered correction of a written contract so that it reflects the true intentions of the parties.,

Week 5 - Chapter 11

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